INDIAN BILLIONAIRE GAUTAM ADANI CHARGED IN U. S. FOR ALLEGED BRIBERY, FRAUD. (PHOTO).

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  Indian billionaire Gautam Adani charged in US for alleged bribery, fraud Gautam Adani, the chair of Indian conglomerate Adani Group and one of the world’s richest people, whose business empire extends from ports and airports to renewable energy,has been indicted in New York over an alleged multibillion-dollar fraud scheme, United States prosecutors have said. The authorities on Wednesday charged Adani and two other executives at Adani Green Energy, his nephew Sagar Adani and Vneet Jaain, with agreeing between 2020 and 2024 to pay more than $250m in bribes to Indian government officials to obtain solar energy supply contracts expected to yield $2bn in profits. Prosecutors said the renewable energy company also raised more than $3bn in loans and bonds during this period based on false and misleading statements. Shares of Adani Enterprises, the group's flagship firm, closed down 22% on Thursday. Other group firms also closed in the red. Adani Green Energy, which is the firm at the c
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EFCC NABS ZAMFARA DISTRICT HEAD,TWO OTHERS FOR DIVERTING GOVT FERTILIZER,HERBICIDE.{PHOTO}.#PRESS RELEASE.

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      Operatives of the Sokoto Zonal Office of the Economic and Financial Crimes Commission, EFCC have arrested the Chairman of Rice Farmers’ Association of Nigeria, RIFAN, Gummi Local Government Chapter, Ibrahim Rijiya; the Council Storekeeper, Aminu Musa and Abdullahi Bashir for their alleged involvement in the criminal diversion of three trailer loads of 1,800 bags of fertilizer, and a truck-load of farming herbicide belonging to rice farmers in Gummi.
Rijiya, who is also the District Head of Rijiya Gummi, Gummi LGA, Zamfara State, is also alleged to have diverted three trailers loaded with fertilizer and other supplies for their local farmers, and later sold each bag at the sum of N3,000 including other farm materials.
The EFCC had received a petition from representatives of seven different groups of rice farmers, alleging that sometimes in July 2018, the Federal Government approved and disbursed 12 trucks of fertilizer and herbicides, on loan to 83 cooperative groups in Gummi and that no member of the association fully collected all the items as approved by the government.All efforts made by the Gummi Chapter of RIFAN to get the items back, proved abortive.
Investigation revealed that Rijiya conspired with Musa to divert and sell the three trailers of fertilizer and a truck load of herbicide to Bashir at the cost of N17.1million and shared the money among themselves.
The suspects confessed to their roles in the crime, while the three trailers of the fertilizer have been recovered from them. Efforts are in top-gear to recover the diverted herbicide.
They will soon be arraigned in court.
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